Tuesday, October 8, 2019

Iran Admits That U.S. Sanctions Have Crippled Its Oil Industry

Iran's Oil Minister Bijan Zanganeh at an OPEC meeting in Vienna, Austria, July 1, 2019. REUTERS/Leonhard Foeger/File Photo

OilPrice.com: Iran Admits U.S. Sanctions Dealt ‘’Deadly Blow’’ To Its Oil Industry

Iran’s oil industry has been falling behind because of the U.S. sanctions, but Tehran will resist, Iranian media quoted Oil Minister Bijan Zanganeh as saying on Tuesday.

“The conditions in Iran are in a way that once every few years the oil industry receives a deadly blow and the economic sanctions can be considered one of those,” Zanganeh said, as carried by the semi-official Mehr news agency.

“This has caused Iran’s oil industry to fall behind from the international position and space but we will resist in this area,” Zanganeh added, according to the agency.

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Update: Sanctions have led to Iran's oil industry falling behind: Iran oil minister (Reuters)

WNU Editor:The Iranian oil minister is admitting the obvious. Especially after this announcement .... Iran Confirms China Has Withdrawn From A Crucial $5 Billion Gas Project (October 6, 2019).


ZAlgra said...

Lots of new hardware is set to roll out in next few years, and a war with Iran would involve many players. With protests springing up across the globe we could be in for more wars.

Bob Huntley said...

Good prospects for the WIC. Not so good for the world.

Anonymous said...

Little Bob worries about the WIC. It all starts at home. If NBA cocksuckers didn't embolden dictators, we could shrink the armed forces.

But liberals do what liberals do and dicktators take note.